Russian Banks Are Now Responsible for the Frozen Funds On Bank Accounts of Russian Clients
Arbitrazh court for the Moscow City issued a judgement under the claim of a Russian entity to Alfa-Bank JSC. By this decision the court ordered the Russian bank to make a refund of the frozen funds allocated on the accounts of a correspondent bank to its client as well as charged the bank with penalties and interest for the use of its client’s money.
Russian Individual Successfully Appealed Against EU Sanctions Restrictions
On February 6, 2023, the EU official journal published news about delisting Dmitry Ovsyannikov, the former governor of Sevastopol, from the sanctions list. The exclusion was preceded by the decision of the EU court of 26 October 2022 following the review of Ovsyannikov's appeal.
Pravo - 300 Rating: Lidings Recommended Top Legal Advisor in Russia
On 2 December 2022 the results of the annual Pravo-300 law firms’ ranking were announced at an awarding ceremony at The Carlton Hotel in Moscow. Lidings’ top position among the leading legal advisors in Russia once again reflected by the ranking results.
Legal Advisory Services Under Newly Applied Sanctions
In October 2022, the European Commission approved the eighth package of sanctions against Russia. Among other restrictions it established a ban on the provision of legal services to Russian companies. A few weeks later, on October 24, the European Commission published answers to frequently asked questions including explanations as to what kind of legal services fall under the ban and whether the extension of sanctions to this sphere does not entail restrictions on the right to protection.
Procedural Powers of the Prosecutor Have Been Expanded
Procedural codes are amended so that powers of prosecutor are extended. These amendments come into force on 18th October 2022. These changes, among others, reflect new realities connected with the economic sanctions against Russia.
Calculation of the Indexation of the Awarded Sums: Changes in Arbitration Practice (in Russian)
Legal Digest: International Сommercial Arbitration and Arbitration Under Sanctions Restrictions - 1 Half 2022
The Procedure for Challenging Decisions and Actions of Public Authorities Has Been Clarified
On June 28, 2022 The Supreme Court adopted Resolution No. 21 of the Plenum “On Certain Issues of Application by Courts of the Provisions of Chapter 22 of the Code of Administrative Procedure of the Russian Federation and Chapter 24 of the Arbitration Procedural Code of the Russian Federation”, which clarified the rules for challenging decisions and actions of public authorities.